CG Employees Group Insurance Scheme Benefits Table from April 2020

CG Employees Group Insurance Scheme Benefits table of Benefits from 1st April 2020 to 30th June 2020 has been issued by Ministry of finance

CG Employees Group Insurance Scheme Benefits

Department of Expenditure issues the CGEGIS Benefit Table for every quarter for Central Government employees. As per the above practice the DoE issued an OM no.No.7(2)/EV/2016 dated 20.5.2020 in the subject matter of Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.04.2020 to 30.06.2020.

The DoE Order on CGEGIS Table of Benefits stated that,

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“The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme (CGEGIS-1980), which are being issued on a quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.04.2020 to 30.06.2020, as worked out by the Insurance Regulatory & Development Authority (IRDA) based on the interest rate of 7.1% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No.5(2)-B(PD)/ 2020, dated 07.04.2020, are enclosed.

The Tables enclosed are of two categories as per the existing practice. As hitherto, the first Table of Benefits for the savings fund of the scheme is based on the subscription of Rs.10 p.m. from 01.01.1982 to 31.12.1989 and Rs.15 p.m. w.e.f. 01.01.1990 onwards. The second Table of Benefits for savings fund is based on a subscription of Rs.10 p.m. for those employees who had opted out of the revised rate of subscription w.e.f. 01.01.1990.

While these orders are in respect of Table of Benefits for the period from 01.04.2020 to 30.06.2020, the Table already issued for the first quarter i.e from 01.01.2020 to 31.03.2020 are also reproduced for the sake of convenience and consolidation.

View the benefit Table